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The oil and gas industry across the state of Ohio is on the rebound and is searching for workers to staff positions representatives say will be in demand for the future.
Pipeline construction workers, rig operators, welders and thousands of assorted jobs connected with oil and gas processing and end use are among the areas where industry specialists see the most opportunity for employment, industry specialists add.
“We’re coming out of a downturn, which is really exciting and starting to see some reinvestment,” Mike Chadsey, director of public relations for the Ohio Oil and Gas Association, told about 25 guests during a question-and-answer session with representatives of organized labor, faith-based groups and educators.
The event was held at the International Brotherhood of Teamsters Local 322 in Youngstown and organized by Strategic Resources Consulting.
Critical job shortages at the moment are evident in transportation, Chadsey said, since the industry depends heavily on moving materials during the construction phase of well pads, for example.Continue with the article by clicking here.
After rescheduling its bankruptcy auction four times in a week, Rex Energy Corp. called off the event all together and declared PennEnergy Resources LLC the winning bidder.
Moon-based PennEnergy has agreed to pay $600.5 million for Rex, a State College-based shale driller that filed for bankruptcy protection in May.
The acquisition must still gain the approval of the bankruptcy judge. A hearing on the sale agreement is scheduled for Thursday.
PennEnergy’s CEO Rich Weber said Rex’s acreage, mostly in Butler County, is contiguous to his company’s assets “and we’re very familiar with it.”Click right here to read more.
Rich Wright is taking his administrative and coaching talents to another level as the newest director of the Utica Shale Academy.
Wright, who has been head football coach at Southern Local High School for four years and was its assistant principal for the past three years, assumed his newest duties on Aug. 1. He replaces Eric Sampson, who was director of the community school since its inception in 2014 but departed for another role in education. Wright said he was eager to guide high school students towards success in the growing energy field.
“You wear a lot of hats, and there are plenty of administrative duties with attendance, testing, graduation points and career opportunities,” he said. “We have welding with the New Castle School of Trades and courses involved with the gas and oil industry. There are a lot of opportunities in the industry and you can get a lot of verifications here.”Read on by clicking here.
Meanwhile, Ohio Rep. Andy Thompson had this to say at a meeting of the Ohio Mid-Eastern Governments Association:
Leaders across the Ohio Valley continue to prepare for a possible cracker plant in Belmont County.
The preparations are happening on both sides of the river.
City leaders in Moundsville said they believe a change is coming and they want to be ready for it.
"This Valley is going to be something very, very special, but we have to get ready and we can't wait,” said Moundsville Vice Mayor Philip Remke. “We have to be prepared, and if for some reason this $10 billion project doesn't come, there is ground and room for something else very special.”
Thompson said, referring to a conference in Texas.
Thompson said the Shale Crescent USA region is appealing to a lot of international companies.
Thompson said, referring to a potential ethane cracker plant proposed for Belmont County.Read the rest of that article from the Times Leader by clicking here.
Energy Transfer Partners, L.P. (NYSE: ETP) announced today that Rover Pipeline, LLC received approval from the Federal Energy Regulatory Commission (FERC) to commence service on the Burgettstown and Majorsville supply laterals effective immediately. FERC also approved the associated compressor and metering stations. This latest approval allows for 100 percent of the long-haul contractual commitments on Rover to begin September 1, 2018.
Rover is a 713-mile natural gas pipeline that transports domestically produced natural gas from the Marcellus and Utica production areas to markets across the United States as well as to the Union Gas Dawn Storage Hub in Ontario, Canada. When in full operation, Rover will transport gas from processing plants in West Virginia, Eastern Ohio and Western Pennsylvania for delivery to pipeline interconnects in West Virginia and Eastern Ohio as well as to the Midwest Hub near Defiance, Ohio, where up to 68 percent of the gas will be delivered for distribution to markets across the U.S.
Rover received approval from FERC for the full 3.25 Bcf per day on June 1 of this year. Rover began service on the project on August 31, 2017. Restoration activities along the full line are expected to be complete by the end of the year.View the whole release by clicking here.
Utica and Marcellus shale operators Eclipse Resources Corp. and Blue Ridge Mountain Resources Inc. agreed to merge on Monday, an all-stock combination to create an Appalachian-focused enterprise with combined 4Q2018 output of 500-560 MMcfe / d, 227,000 net undeveloped core acres and an estimated 20 years of oil and natural gas inventory.
Blue Ridge will become a subsidiary of Eclipse. Blue Ridge stockholders for each share are to receive 4.4259 shares of Eclipse, a deal that values Eclipse stock at $ 7.44 / share based on the Friday (Aug. 24) closing price.
Eclipse shareholders would own about about 57.5% of the combined company, with Blue Ridge owning 42.5%.
Eclipse CEO Benjamin Hulburt, who served as chairman, CEO and president Since its inception, called the merger "compelling" and a "combination that both both of us to consolidate premier assets company's production and cash flow, seamlessly fit into a consolidated drilling program, "as well as provide" considerable "general and administrative synergies.
Eclipse holds close to 156,000 net acres in Ohio and Pennsylvania, with about 15,500 prospective for the Marcellus. Known for drilling some of the longest super laterals ever in Ohio's Utica, Eclipse has faced a financial crunch. Second quarter production hit the top end of guidance with volumes of 305.2 MMcfe / d.Read the rest of that article by clicking here.
Only one of the top Eclipse Resources Corp. management team will be staying with the company after it merges with Blue Ridge Mountain Resources in an all - stock deal worth $ 908 million.
The combined company, after the deal closes in the fourth quarter, will be run by Blue Ridge President and CEO John Reinhart , who will retain the title. Reinhart will also be a member of the 10-person board, which will also include four others named Blue Ridge (OTCPK: BRMR) and five from Eclipse (NYSE: ECR), including four from Eclipse's majority shareholder, Encap Investments.
SEC filings show what the news release did not: Eclipse President and CEO Benjamin W. Hulburt; Eclipse EVP / General Counsel Christopher K. Hulburtand Eclipse EVP / CFO Matthew R. DeNezza . All signed separation agreements dated Aug. 24, according to an SEC filing Eclipse made Monday after the merger was announced.
Eclipse's EVP and COO, Oleg Tolmachev, who is responsible for a lot of the technical advances made by the drilling company including the record-breaking super lateral wells, will remain with the company with the same titles.Read more of that article by clicking here.
During the second quarter of 2018, Ohio’s horizontal shale well produced 4,488,104 barrels of oil and 554,306,916 Mcf (545 billion cubic feet) of natural gas, according to figures released today by the Ohio Department of Natural Resources (ODNR).
Natural gas production from the second quarter of 2018 showed a 42.25% increase over the second quarter of 2017, while oil production increased 10.98% for the same period.
2017 Quarter 2 (Shale) 2018 Quarter 2 (Shale) Percentage Change Barrels of oil 4,044,072 bbl 4,488,104 bbl 10.98% Mcf of natural gas 389,662,485 Mcf 554,306,916 Mcf 42.25%
The ODNR quarterly report lists 2,035 horizontal shale wells, 2,002 of which reported oil and natural gas production during the quarter. Of the wells reporting oil and natural gas results:
All horizontal production reports can be accessed at http://oilandgas.ohiodnr.gov/production.
Ohio law does not require the separate reporting of Natural Gas Liquids (NGLs) or condensate. Oil and gas reporting totals list on the report include NGLs and condensate.We'll have our extensive breakdown of the data available soon!
Officials of Cabot Oil and Gas Company said they are looking at a test site in Richland County to determine if horizontal hydraulic fracturing wells may produce a viable source of natural gas and or oil deep underground.
The officials did not give a specific location when they met Tuesday with the Richland County commissioners to give an overview of current operations in a neighboring county.
The Houston-based company, which has a new local information office in Jeromesville, is drilling vertical exploratory wells on Township Road 2375 in Green Township north of Perrysville, and in Mohican Township south of Jeromesville. They are planning a third in Vermillion Township. In Richland County, Cabot officials said they have talked with officials in Monroe Township and the villages of Lucas and Butler, as well as an area landowner coalition.
“We’re evaluating an area and we believe we’re going to be submitting a permit in the near term,” said John Smelko, environmental regulations manager. “The road it leads on is going to be a state route and, in most cases, we try to stay on state routes as much as we can.”Read on by clicking here.
Water use for fracking by oil and gas operators in the Marcellus Shale region rose 20 percent between 2011 and 2016 as longer laterals were drilled to fracture more gas-bearing rock, even though the pace of well development slowed in response to low natural gas prices, a Duke University study said on Wednesday.
The rise was the smallest of any of the six U.S. regions studied, including the Permian Basin area of Texas, where water use surged by 770 percent over the period.
The study also said the volume of fracking waste water produced in the Marcellus – which includes Pennsylvania, West Virginia, eastern Ohio and southern New York, where fracking is banned — rose four-fold to 600,000 gallons in 2016, forcing energy companies to rely increasingly on holding the waste in underground injection wells.
But the Marcellus waste water increase was also significantly smaller than other regions, where it rose as high as 1,440 percent during the period, the report said.
Although fewer new wells were drilled during the period than in the early stages of the fracking boom, more water was needed because longer wells required the fracturing of more rock, said Andrew Kondash, the paper’s lead author.Click here to read more.